Microsoft and BMW launch open platform to support smart factory development

Microsoft and the BMW Group have announced a new initiative at Hannover Messe aimed at enabling faster and more cost-effective innovation in the manufacturing sector.

In manufacturing, complex, proprietary systems, that create data silos and slow productivity, can delay production and profitability. The Open Manufacturing Platform (OMP) is designed to break down these barriers with the creation of an open technology framework...

By IoT News, 05 April 2019, 0 comments. Categories: AI, Connected Cars, Enterprise, IoT, Manufacturing.

How IoTium has found a key gap in the market for industrial automation and is planning for growth

MWC19 IoTium, a provider of software for industrial automation, has had little short of a stunning 12 months. The company has been recognised by both the media – this publication recently named it in its top 25 IoT startups – and industry bodies with a listing in the prestigious GSMA 100 last month the highlight. 

With this on board Ron Victor, IoTium CEO (left), is in no mood to slow down. IoT News caught up...

By James Bourne, 12 March 2019, 0 comments. Categories: Data & Analytics, Development, IIoT, IoT, Manufacturing, Oil & Gas.

Ericsson IoT chief on AI, 5G, and connecting 'things' instead of ‘a thing’

We spoke to Ericsson IoT Head Jeff Travers during MWC 2019 about where the industry is heading and how emerging technologies are opening new possibilities.

A running theme of this year’s event was how technologies such as the IoT, 5G, AI, and blockchain are converging in powerful ways. Last year was a lot of talk about their potential, this year we’re seeing more actual deployments.

Transportation is one area where the IoT is having a major impact. The morning of our interview, Ericsson announced...

The top 25 IoT startups to watch in 2019: A guide

  • 26,792 startups are relying on IoT as one of their main technologies to launch new products and services and support platform-based business models according to Crunchbase.
  • 78.4% of IoT startups Crunchbase tracks have had two funding rounds or less with seed, angel and early-stage rounds being the most common.
  • IoT startup funding reached $16.7bn in Q4, 2018, with last years’ funding levels 94% over 2017 according to Venture Scanner.
  • By 2020, 50% of IoT spending will be driven by discrete manufacturing, transportation and...

By Louis Columbus, 21 February 2019, 1 comment. Categories: AI, Data & Analytics, Enterprise, IIoT, IoT, Manufacturing, Oil & Gas.

Vodafone IoT Barometer 2019: ‘Significant acceleration’ in adoption

The 2019 edition of Vodafone’s annual IoT Barometer has been released showing a surge in adoption of the burgeoning technology.

For its research, Vodafone surveyed 1,758 businesses worldwide. More than a third (34%) have now adopted the IoT to some extent.

Stefano Gastaut, CEO of IoT at Vodafone Business, said:

“IoT is central to business success in an increasingly digitised world, with 72 percent of adopters saying digital transformation is impossible without it.

By Ryan Daws, 19 February 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing, Smart Cities.

UK launches first 5G smart factory as part of industrial trial

The UK has launched its first 5G smart factory as part of an industrial trial examining how British factories can be modernised.

Bosch’s factory in Worcester has been fitted with sensors and 5G-based technology for monitoring its operations.

The factory will be combining IoT sensors and 5G for preventative maintenance. Data analytics will help to predict failures before they occur.

By Ryan Daws, 13 February 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing, Smart Cities.

Industrial trends for 2019: How manufacturing will shape up

Industry 4.0, the Fourth Industrial Revolution, or the Industrial Internet of Things (IIoT). Regardless of the phrase used to described digitalisation in manufacturing, there’s no denying that a shift has already taken place. But is the age of industrial buzzwords coming to a grinding halt?

‘Industry 4.0’ in practice

Manufacturers have long felt the pressure to invest in new technologies. In the so-called age of Industry 4.0, this pressure has been heightened by an influx of products and...

By Stefan Reuther, 04 January 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Manufacturing.

MachineMetrics raises $11.3m to help assist manufacturers with analytics initiatives

Industrial IoT analytics and machine monitoring platform MachineMetrics has raised $11.3 million in a recently held series A financing round that was led by Tola Capital.

MachineMetrics’ system is designed in such a manner that its customers can install it by themselves without requiring costly and time-consuming customisation. Once the installation is done, manufacturers can collect, visualise and analyse data from any...

By IoT News, 12 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Hyundai, SK Telecom, and Trimble collaborate on IoT construction solution

A trio of companies from the US and South Korea are partnering on an IoT construction solution which incorporates 5G and AI.

The companies – Hyundai, SK Telecom, and Trimble – will build a solution enabling construction equipment to be monitored remotely. Safety can be managed in real-time and operations improved with AI.

Hyundai Construction Equipment provides the physical hardware for the solution with equipment such as forklifts and excavators.

Trimble, a US-based company, will provide the...

By Ryan Daws, 10 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.